Retirement plan

THE HORST GROUP PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Name: HORST GROUP, INC. - THE HORST GROUP PROFIT SHARING AND EMPLOYEE SAVINGS PLAN (2017) Form 5500
Creator: HORST GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HORST GROUP PROFIT SHARING AND EMPLOYEE SAVINGS PLAN, HORST GROUP, INC.

HORST GROUP, INC.EIN 23-2108509Plan #001PY 2017

320 GRANITE RUN DRIVE - LANCASTER, PA 176043330717-581-9800horstgroup.comLinkedIn201-500 employeesexecutive office

Prospect flagsLow returnsHigh feesLow participation

Top hat statement on fileNQDC

Filed January 13, 2017

Plan administrator

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320 GRANITE RUN DRIVE

LANCASTER State: PA Zip Code: 17601

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Plans declared (1)

THE EXECUTIVE NONQUALIFIED EXCESS PLAN OF THE HORST GROUP, INC.5 emp

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Total assets (EOY)

$17.5M

+19.1% from 2016

Total participants

389

+5.1% from 2016

Average account balance

$223,974

+454.1% from 2016

Annual return

13.78%

+6.92 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$30.97M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$62K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

503

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+28.29%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$238

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$36,684
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 20-1665305	Advisory (Plan)	$29,705
MARKLEY ACTUARIAL SERVICES, INC.2+ years Filed as: MARKLEY ACTUARIAL SERVICES INC Service code 49 · EIN 23-2439467	Other Services	$7,153
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T2S3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$107 / participant

Contract admin$37K100.0%

% of EOY assets

0.210%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BERTZ, HESS & CO., LLP
Auditor EIN: 231709427
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,974

$155,795+43.8%

$136,298+64.3%

$69,631+221.7%

Participation rate

9.3%

75.2%-65.9pp

81.9%-72.6pp

70.7%-61.4pp

Annual return

13.78%

232464.33%-232450.6pp

5156.27%-5142.5pp

27571.02%-27557.2pp

Employer contribution / active EE

$2,509

$2,991-16.1%

$4,696-46.6%

$2,032+23.4%

Participant deferral / active EE

$2,593

$5,394-51.9%

$6,247-58.5%

$3,224-19.6%

Admin fee / account holder

$470

$128+266.7%

$9,244-94.9%

$110+325.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$36,684

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS

Service code 27 · EIN 20-1665305

Advisory (Plan)

$29,705

MARKLEY ACTUARIAL SERVICES, INC.2+ years

Filed as: MARKLEY ACTUARIAL SERVICES INC

Service code 49 · EIN 23-2439467

Other Services

$7,153

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27

Advisory (Plan)

THE HORST GROUP PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HORST GROUP PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion